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Good luck with that pivot

August 5, 2011 - by Donny Shaw

With the debt ceiling debate over for now, the Obama Administration is promising a "pivot to jobs." Given that the trillions in cuts in the debt bill are going to cause higher rates of unemployment than what we would have had otherwiset, shifting to job creation makes sense. But the Administration can't create jobs on their own, they need legislation from Congress. Given Congress' recent history with handling jobs bills, don't be surprised if the pivot doesn't result in anything but bitter feelings.

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The Senate began debating legislation to reauthorize and extend the the Small Business Innovation Research (SBIR) and the Small Business Technical Transfer (STTR), two of the federal government's largest research and development programs, on March 10. More than a month later, the Senate is still not finished with the bill. That's slow even by Senate standards, especially considering that we're in the middle of a jobs crisis and it's about as close to a "jobs bill" as we've seen recently. So what's the problem?

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